REINER GARY M 4
4 · Hewlett Packard Enterprise Co · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
HPE Director Gary Reiner Exercises/Converts 14,500 Shares
What Happened Gary M. Reiner, a director of Hewlett Packard Enterprise Co (HPE), reported conversion/exercise of derivative securities on April 1, 2026. The filing shows 14,500 shares acquired at $23.98 per share for a total of $347,710. The same filing also shows a simultaneous disposition of 14,500 derivative securities (price reported as N/A).
Key Details
- Transaction date: 2026-04-01; Form 4 filed: 2026-04-03 (within the typical two-business-day reporting window).
- Acquired: 14,500 shares @ $23.98 = $347,710.
- Disposed: 14,500 derivative securities (price N/A).
- Shares owned after transaction: not specified in the provided filing.
- Footnotes: F1 notes each restricted stock unit (RSU) converts to one common share. F2 states these RSUs were originally granted 05/02/2025 (14,235 RSUs) and cliff-vested at HPE’s 2026 Annual Meeting; the 14,500 count reflects vested RSUs plus rounded dividend equivalent rights.
- The filing shows both acquisition and matching disposition of the same number of shares — filings like this commonly reflect conversion/settlement of RSUs with an equal number withheld or surrendered (often to cover taxes), though the form itself does not explain the reason.
Context This was a derivative conversion (code M) tied to previously granted RSUs that vested; it is not an open-market purchase or sale reflecting immediate market sentiment. When conversions are followed by an equal disposition it frequently indicates withholding/surrender for taxes or similar settlement mechanics rather than an independent sale. The filing appears timely based on the dates provided.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-04-01$23.98/sh+14,500$347,710→ 16,295 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-04-01−14,500→ 0 total→ Common Stock (14,500 underlying)
- 86,646(indirect: By JPM Chase)
Common Stock
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- [F2]As previously reported, on 05/02/25, the reporting person was granted 14,235 restricted stock units ("RSUs"), all of which cliff vested on the date of Issuer's 2026 Annual Stockholders Meeting. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on Issuer's common stock The number of derivative securities in column 5 reflects vested RSUs and rounded dividend equivalent rights previously reflected in column 9.